Heroshot

1982 Ford Mustang

5.0 GT
Elvis Presley's Stutz gets $297,000 in Las Vegas
Thursday, 10 November - Saturday, 12 November
$27,500
Sale Price
Yes
Reserve
11 November 2022
Sold Date
F62
Lot Number
#2-
Unrestored original
Mecum Auctions
Auction House
Chassis no. 1FABP16FXCF184442. Silver Metallic over black cloth. HO 302, 5-speed, alloy wheels, Michelin tires, air conditioning, factory radio delete, books, window sticker, Marti Report.

Evaluation: Showing 20826 miles that are represented as actual, and represented as a one-owner car. The bumpers are faded and there are chips on the hood and nose, but the paint looks great for the age. The interior and underbody look great, too. It isn’t a like-new time capsule, but it’s rare to see one of the earlier Fox-body Mustangs pampered like this. Usually the crazy-clean ones seen on today’s collector car market are the post-facelift 1987-93 cars.

Bottom Line: Ford sold over 130,000 Mustangs for 1982 alone, but this is a special car. At least as special as a regular old ’82 Mustang can be, anyway. It’s gotten care from one owner its whole life and has actually been driven enough to reassure that everything works. There are Ferraris that don’t get treated so well.

Delivery-mile Fox-bodies destined for garage display sell for more than this, but $27,500 is still a healthy premium all things considered, and the new owner snagged an absolutely mint Mustang without going overboard. The seller, meanwhile, can take satisfaction in that the car sold for almost exactly what he paid for it 40 years ago, adjusted for inflation.

by Andrew Newton
19 November 2022

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Condition definitions
Condition #1: Concours
Condition #1 vehicles are the best in the world. The visual image is of the best vehicle, in the right colors, driving onto the lawn at the finest concours. Perfectly clean, the vehicle has been groomed down to the tire treads. Painted and chromed surfaces are mirror-like. Dust and dirt are banned, and materials used are correct and superbly fitted. The one word description for #1 vehicles is “concours.“
Condition #2: Excellent
#2 vehicles could win a local or regional show. They can be former #1 vehicles that have been driven or have aged. Seasoned observers will have to look closely for flaws, but will be able to find some not seen by the general public. The paint, chrome, glass and finishes will all appear as excellent. No excessive smoke will be seen on startup, no unusual noises will emanate from the engine. The vehicle will drive as a new vehicle of its era would. The one word description for #2 vehicles is “excellent.“
Condition #3: Good
#3 vehicles could possess some, but not all of the issues of a #4 vehicle, but they will be balanced by other factors such as a fresh paint job or a new, correct interior where applicable. #3 vehicles drive and run well, but might have some incorrect parts. These vehicles are not used for daily transportation but are ready for a long tour without excuses, and the casual passerby will not find any visual flaws. “Good” is the one word description of a #3 vehicle.
Condition #4: Fair
#4 vehicles are daily drivers, with flaws visible to the naked eye. The chrome might have pitting or scratches, the windshield might be chipped. Paintwork is imperfect, and perhaps the body has a minor dent. Split seams or a cracked dash, where applicable, might be present. No major parts are missing, but the wheels could differ from the originals, or other non- stock additions might be present. A #4 vehicle can also be a deteriorated restoration. “Fair” is the one word that describes a #4 vehicle.
Condition #5: Poor
Running, but battered, incomplete, and perhaps rusty.
Condition #6: Parts car
Parts car.
N/A
Hagerty only assigns condition ratings to vehicles we can inspect in person or, for online listings, via high-quality photography.